Mirae Asset Global Investments Co. Ltd. Cuts Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in iShares Silver Trust (NYSEARCA:SLV) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,800 shares of the exchange traded fund’s stock after selling 4,600 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Silver Trust were worth $2,892,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in iShares Silver Trust by 5.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,850,025 shares of the exchange traded fund’s stock worth $88,089,000 after buying an additional 213,612 shares during the period. Wellington Management Group LLP increased its stake in iShares Silver Trust by 48.0% during the 1st quarter. Wellington Management Group LLP now owns 2,711,172 shares of the exchange traded fund’s stock worth $62,032,000 after buying an additional 879,524 shares during the period. Simplicity Solutions LLC increased its stake in iShares Silver Trust by 0.5% during the 3rd quarter. Simplicity Solutions LLC now owns 1,462,564 shares of the exchange traded fund’s stock worth $28,196,000 after buying an additional 6,869 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in iShares Silver Trust by 11.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock worth $28,288,000 after buying an additional 132,729 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in iShares Silver Trust during the 1st quarter worth $26,492,000.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $25.85 on Thursday. iShares Silver Trust has a 12-month low of $18.97 and a 12-month high of $27.24. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46. The firm’s fifty day moving average price is $22.63 and its 200 day moving average price is $21.69.

iShares Silver Trust Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.